809 resultados para stock returns


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Amoungst the three spiny lobster species in southern Iranian waters, Panulirus homarus is the only commercial species with a total landings of 20-45 tons per year indicating a decrease in both landings and CPIJE in recent years. Fishing has been regulated according to the no. of fisherman and effort, and trap ha's replaced the gillnef since 1994. Fishing is carried out along the rocky shores of Chah-Bahar region through different landing places by local fisherman for a period of about two months. Most of catch is exported mainly frozen. This research was sposored by the Fisheries Research Dept. and aimed to work on the population dynamics and stock assessment in order to stablish a better understandings of the stock and hence a proper management in this region. Sampling was done for. 10 successive months in _5 major landing places from 1994 to 1995 with no sampling during the monsoon period through June to July. Althogethere, 8500 specimen were collected and the biometry was done accordings to the sex, region and month. Average total length, total weight and carapace length was obtained 216mm., 452 gr. and 75mm. respectively. Total length-weight relationship of both sexes was calculated and follows the cubic law. Regression coefficients for both sexes was 2.8231, males 2.9616, total females 2.7490, berried females 2.6611- and non-berried females

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Increased management attention to the fisheries tn Uganda is fuelled by five major factors:socio-economic demands, human population increase,stock depletion, biodiversity loss and,environmental degradation.Fish exports from Uganda to overseas and regional markets have rapidly increased since the mid 1990s and it is estimated that total exports are worth at least US$ 200m three quarters of the value due mostly to Nile perch exports to overseas markets.Exports to regional markets are dominated by variously processed tilapia "mukene" (Rastrineobo/a argentea),Nile perch "angara"(A/estes baremose) and cat fishes.Virtually all major water bodies contribute to this trade. A combinatilm of exports and an increased human population has seen the per capita fish consumption in Uganda drop from 15kg in the early 1990s to almost 10kg by 2005.this figure is below the WHO recommended fish protein intake of 17kg. the apparent fish gap in a liberalised economic framework has stimulated interest in commercial fish farming

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Estimates of potential yield for Kainji Lake, and the methods of analysis by earlier workers are discussed. Also summarized is the state of the fishery after impoundment, between 1969 and 1971, based on experimental gillnet catches. Recent sampling of the young of the year along the littoral margin indicates that most of the commercially important species have spawned successful1y in the lake. An intense fishing mortality of juvenile fish, owing to the use of small mesh nets by local fishermen, presents a possible threat to the future establishment of the fish in the lake. The results of gill-net selection studies based on HOLT'S (1957) method are given. The data have been extracted from experimental gill-net catches with graded fleets of nets between 1969 and 1971. Recommendations based on the above studies have been made to ensure a successful establishment of the fish species in the lake and an increase in catch-per~unit effort in subsequent years.

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This paper is an outline of methods practically useful for the evaluation of ichthyomass, fish abundance, available production and yield in lakes and rivers. Terms and concepts are reviewed, and difficulties stemming from the use of "predetermined" mathematical models are discussed. Sampling with toxicants in blocked-off areas was found to be the most practical method and is described in detail. For the total estimation of ichthyomass the spatial ranges of fish distribution must be determined; the results of echo-sounding surveys for horizontal, vertical, topographical, seasonal and diel fish distribution are given. Some of the most important methods for computing available production are listed and applied to Lake Kariba as an example. In particular, a method based on the balance between the main predator and prey species is reviewed. The ecological production survey concept is finally stressed as applied to multispecies fish stocks.

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Players cooperate in experiments more than game theory would predict. We introduce the ‘returns-based beliefs’ approach: the expected returns of a particular strategy in proportion to total expected returns of all strategies. Using a decision analytic solution concept, Luce’s (1959) probabilistic choice model, and ‘hyperpriors’ for ambiguity in players’ cooperability, our approach explains empirical observations in various classes of games including the Prisoner’s and Traveler’s Dilemmas. Testing the closeness of fit of our model on Selten and Chmura (2008) data for completely mixed 2 × 2 games shows that with loss aversion, returns-based beliefs explain the data better than other equilibrium concepts.

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Forecasting the returns of assets at high frequency is the key challenge for high-frequency algorithmic trading strategies. In this paper, we propose a jump-diffusion model for asset price movements that models price and its trend and allows a momentum strategy to be developed. Conditional on jump times, we derive closed-form transition densities for this model. We show how this allows us to extract a trend from high-frequency finance data by using a Rao-Blackwellized variable rate particle filter to filter incoming price data. Our results show that even in the presence of transaction costs our algorithm can achieve a Sharpe ratio above 1 when applied across a portfolio of 75 futures contracts at high frequency. © 2011 IEEE.

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First, recent studies on the information preservation (IP) method, a particle approach for low-speed micro-scale gas flows, are reviewed. The IP method was validated for benchmark issues such as Couette, Poiseuille and Rayleigh flows, compared well with measured data for typical internal flows through micro-channels and external flows past micro flat plates, and combined with the Navier-Stokes equations to be a hybrid scheme for subsonic, rarefied gas flows. Second, the focus is moved to the microscopic characteristic of China stock market, particularly the price correlation between stock deals. A very interesting phenomenon was found that showed a reverse transition behaviour between two neighbouring price changes. This behaviour significantly differs from the transition rules for atomic and molecular energy levels, and it is very helpful to understand the essential difference between stock markets and nature.

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Three F-1 families of the bay scallop, Argopecten irradians, were produced from one, two and 10 individuals. The genetic changes in these populations, which suffered recent and different levels of bottleneck, were analysed using amplified fragment length polymorphism (AFLP) techniques. In the parental stock, a total of 330 bands were detected using seven AFLP primer pairs, and 70% of the loci were polymorphic. All F-1 groups had a significantly lower proportion of polymorphic loci when compared with the initial stock, and loss of the rare loci and reduction in heterozygosity both occurred. The progeny of the larger population (i.e., N=10) exhibited a lesser amount of genetic differentiation compared with the progeny from N=2, which showed lesser differentiation than progeny from N=1. The effective population sizes (N-e) in N=1, 2 and 10 were estimated as 1.50, 1.61 and 2.49. Based on regression analysis, we recommend that at least 340 individuals be used in hatchery populations to maintain genetic variation.

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Wilson, M.S. and Neal, M.J., 'Diminishing Returns of Engineering Effort in Telerobotic Systems', IEEE Transactions on Systems, Man and Cybernetics - Part A:Systems and Humans, 2001, September, volume 31, number 5, pp 459-465, IEEE Robotics and Automation Society, ed. Dautenhahn,K., Special Issue on Socially Intelligent Agents - The Human in the Loop

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ap Gwilym, Owain, et al., 'International evidence on the payout ratio, earnings, dividends and returns', Financial Analysts Journal (2006) 62(1) pp.36-53 RAE2008